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Recent Posts in Unemployment - Job Loss

  • Where the Jobs Are: Tips for the Unemployed

    Posted By admin || 27-Sep-2012

    If you're unemployed and have been for a long time then you may be ready to pursue another career path in the hopes of getting a job sooner and possibly pursuing a profession you've always been interested in. If you're thinking about a new job, make sure you're selecting a field that will have a relatively secure future, because you don't want to be in this situation again in the next couple ...
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  • Can I Claim Unemployment if I Do Not Have Childcare?

    Posted By admin || 24-Jul-2012

    Leaving your job involuntarily usually leaves workers ineligible to collect unemployment benefits. Losing your job at no fault of your own makes one eligible but depending on state regulations and personal circumstances, you could be eligible for payment if your job loss is related to limited or no child care availability. When you apply for unemployment, you should have a good reason why you are ...
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  • If My Employer Relocates am I Eligible for Unemployment?

    Posted By admin || 11-Jul-2012

    Unemployment benefits are available for qualifying workers who were at no fault in losing their job. If you quit voluntarily you may not qualify under certain circumstances. If your employer decides to relocate and the circumstances force you to leave, it is possible you may be eligible to apply for benefits. When your employer relocates, it may leave you with a good cause in applying for ...
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  • What Happens if You Falsify Information When Applying for Unemployment?

    Posted By admin || 27-Jun-2012

    Falsifying Information When Applying for Unemployment Falsifying information on your unemployment application may have serious consequences. The Texas Workforce Commission states that anyone who provides false information or is found being untruthful when supplying information in order to receive benefits may get jail time, fines and even reducing chances of gaining future employment. The same is ...
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  • Can I Collect Unemployment if I Quit Due to Stress or Health Reasons?

    Posted By admin || 7-Jun-2012

    Can I Get Unemployment if I Quit Due to Stress? Unemployment benefits often require a worker to lose their job not at the fault of their own. Quitting your job may be another situation entirely. Often, quitting employment may not make you eligible but under certain circumstances you may be eligible depending on state regulations. You have to be able to work in order to collect so if you left due ...
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  • Can I Reopen an Unemployment Claim if I Quit My Job?

    Posted By admin || 23-May-2012

    Reopening an unemployment claim after quitting a job depends on several factors. It is possible to reopen a claim but usually when employment is gained, you lose eligibility for benefits. Depending on your reason for leaving employment, you may be able to reopen your claim if there is a claim balance remaining. The reason for reopening must be recognized by state guidelines in order to be ...
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  • Can I Collect Unemployment if I Become Self-Employed?

    Posted By admin || 22-May-2012

    If you have been unemployed for a while, you may be thinking about making a career change or seeking self-unemployment. Keep in mind, some state programs are not eligible for those who are self-employed but some states may allow you to collect unemployment benefits while working toward self-employment. You'll have to review rules and requirements with your state unemployment agency. Collecting ...
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  • Am I Eligible for Unemployment if I Quit Due to an Injury?

    Posted By admin || 17-May-2012

    Unemployment benefits are made available to those who lose their job at no fault of their own. Since each state has regulations regarding eligibility, it's important to review requirements upon applying. Some states may only pay if you lose your job involuntarily. Employers make contributions to unemployment insurance programs that help make benefit payments to those who experience job loss. The ...
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  • Preparing for Unemployment

    Posted By admin || 27-Apr-2012

    How to Prepare for Unemployment The economy isn't faring too well, and even though some economists say the tide is turning, many people out in the trenches will disagree wholeheartedly. There are a number of unemployment tips and debt prevention tips out there but not many people talk about preparing yourself for unemployment before it happens. So why should you prepare for unemployment while ...
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  • How to Survive Unemployment

    Posted By admin || 18-Apr-2012

    The cost cutting of multiple companies due to the economic complexities lead to thousands of Americans being laid off from their jobs. Here are some tips for the unemployed to help get through this rough period: Company Instead of being all negative on your forthcoming layoff, be professional and ask your company if there are programs they can offer for you to be able to survive without a job. ...
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  • Unemployment on American Youth

    Posted By admin || 18-Apr-2012

    A new AP poll has been conducted on the American youth who suffer from being unemployed and finding it very hard to get a new job. It is found out that in 18 to 24 year old high school graduates, around 40 percent of them have a stable job right now but 75 percent of them are still worried on the stability of their jobs. In March 2007 before the recession period, it is noted that the unemployment ...
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  • Special Feature: Common Reasons Why an Unemployment Claim Gets Reopened

    Posted By admin || 10-Apr-2012

    When employment ends abruptly or when it's not your fault, it's more likely that you'll qualify for unemployment benefits. Each state has procedures in place in order to determine eligibility when opening a new claim. The same is true for reopening a claim. Depending on state regulations, an existing claim may be reopened if you become unemployed again or a new claim may need to be filed. If you ...
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  • Consistently High Unemployment Adds To Nations Woes

    Posted By admin || 31-Aug-2011

    The Labor Department reports that there are officially 13 million Americans out of work; but if you were to count those who have given up on finding a job unemployment numbers would rise even higher. One of the ironic effects of high unemployment has been that fewer Americans are using credit cards. The decline in credit card usage as been celebrated as a sign that not only is the economy ...
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  • Unemployed Decreases - Are We In A Recovery?

    Posted By admin || 5-Apr-2011

    According to a report released by the U.S. Labor Department, unemployment has fallen to a two-year low of 8.8 percent nationwide. Payrolls increased by 216,000 workers last month after a revised 194,000 gain the prior month, the Labor Department said today in Washington. Economists projected a March gain of 190,000, according to the median estimate in a Bloomberg News survey. The jobless rate ...
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  • Unemployment Emergency Extension Could End

    Posted By admin || 1-Dec-2010

    The emergency extension granted to long-term unemployed individuals could end if the Congress does not vote to extend it. This could have disastrous effects on the economy and contribute to an increase in the number of bankruptcy filings in Texas. In July 2008, Congress began extending unemployment benefits, which can now last for up to a record 99 weeks: 26 weeks of regular benefits from the ...
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  • Your Post Bankruptcy Life: Employment

    Posted By admin || 31-Aug-2010

    Many unemployed debtors are filing bankruptcy because they simply can't pay their bills, are facing lawsuits and asset seizures. Generally speaking these unemployed debtors have had decent credit and paid their debts faithfully and on-time while employed; but because of unemployment or persistent underemployed they have become delinquent and need to file bankruptcy. Unfortunately, some uninformed ...
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  • Debt Dilemmas Of The Long-Term Unemployed and How To Overcome Them

    Posted By admin || 18-Aug-2010

    If you're one of the millions of 99ers then you've probably been unemployed for about 2 years. While being unemployed can give some workers access to weekly benefits, that unemployment income usually is not enough to pay their basic expenses and their debt obligations. Because of this debtors who have remained unemployed for a year or more find that their credit scores suffer and that they are ...
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  • Unemployment Figures Point To Bleak Times For Debtors

    Posted By admin || 16-Aug-2010

    The number of first time applications for unemployment benefits rose last week to the highest level in almost six months. First-time claims for jobless benefits edged up by 2,000 to a seasonally adjusted 484,000, the Labor Department said Thursday. Analysts had expected a drop. That's the highest total since February. Initial claims have now risen in three of the last four weeks and are close to ...
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  • HAMP Fails To Tackle Unemployment Driven Foreclosures - Can Proposed Program Do The Job?

    Posted By admin || 15-Jul-2010

    One million Americans have exhausted all of their federal and state unemployment benefits and many of them, now known as 99ers, are facing foreclosure. HAMP, the foreclosure prevention program that was suppose to take a huge bite out of the foreclosure crisis, has failed miserably and left many unemployed homeowners marooned facing imminent foreclosure with no aid in sight. HAMP reports that 58 ...
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  • The House and Senate Fails To Pass Unemployment Extension

    Posted By admin || 8-Jul-2010

    Because the House and Senate have failed to win enough support for the unemployment extension, two million Americans could be cut off from unemployment benefits by July 10 th. The passing of the unemployment extension bill failed by two votes with the dissenting voices saying they oppose the measure because there is no funding for it. Democrats have scaled back their plans several times in recent ...
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  • High Unemployment Expected To Continue Until 2015

    Posted By admin || 21-Jun-2010

    The unemployment rate rose to 9.9 percent in April, up from 9.7 in March and many experts expect the unemployment rate to remain high until 2015. Currently there are 15.3 million unemployed Americans as of April and that's not counting workers who have given up on finding a job. The unemployment rate is calculated by counting all workers who are unemployed and are actively looking for work. If the ...
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  • Will Dallas Loan Program Help Stem The Tide Of Job Losses And Corporate Bankruptcy?

    Posted By admin || 17-Jun-2010

    The Dallas City Council has approved a $1 million loan program that is designed to assist small businesses in southern and western Dallas get capital for growth. The program, which will provide $1 million from the city's public/private partnership fund to the Southern Dallas Development Corporation was approved unanimously with only one dissenting voice. But will this program go far in stemming ...
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  • How To Prevent Job Loss Related Financial Disaster

    Posted By admin || 14-Jun-2010

    The official national unemployment rate for the country is 9.7 percent. Millions of Americans are out of work and trying to figure out how to survive without a job. One of the biggest casualties of joblessness is not just the frustration and anger that accompanies fruitless job searches, but also the seemingly imminent financial disaster that almost always follows long-term unemployment. And with ...
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  • Realities Debtors Should Consider Before Settling Debt

    Posted By admin || 2-Jun-2010

    With the unemployment rate still above 9 percent, many debtors have found themselves unemployed for one or two years. Unfortunately for the unemployed debtor, daily expenses remain and can eventually exhaust the debtor's savings, retirement accounts and even cause them to max out their credit cards. Facing long-term unemployment, depleted savings and mounting credit card debt, many debtors are ...
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  • Three Reasons Why Waiting For Debts To Disappear Is A Bad Financial Strategy

    Posted By admin || 1-Jun-2010

    It can happen to the best of us-we lose a job, fall on hard times and our bills go unpaid. But many of us opt to simply ignore our debts instead of coming up with a plan to either repay them or make them go away legally. Many of us mistakenly believe that debts will just go away after a lot of time; but this proves a bad strategy especially during a recession. Here's why: Creditors never forget. ...
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  • Sudden Unemployment And Chapter 13 Bankruptcy

    Posted By admin || 28-May-2010

    When a debtor files for Chapter 13 bankruptcy, one of their biggest fears is that they won't be able to maintain the repayment plan due to a job loss or significant reduction in income. Because the Chapter 13 bankruptcy repayment period lasts from 3 to 5 years, the fear of a job loss during that time is not unreasonable; however, Chapter 13 bankruptcy has built in mechanisms that protect the ...
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  • Sallie Mae Blames New Student Loan Law For Job Losses

    Posted By admin || 28-May-2010

    Sallie Mae announced that a new law cutting out private lenders in the federal student business and stricter underwriting rules for private student loans will cost the company 2500 jobs. The law strips the middleman role in student lending away from banks. It's expected to save at least $60 billion in fees that went to banks to process government-backed student loans. Sallie Mae, which wrote a ...
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  • Predatory Payday Lenders Leech Off Unemployed Americans

    Posted By admin || 22-May-2010

    Just when we thought we had heard it all, the payday loan industry has a brand new trick up its sleeve. With the unemployment rate over 9 percent and millions of Americans on extended unemployment, many companies in the payday loan industry are now accepting unemployment checks as proof of income. That's right, unemployed Americans who are already struggling financially are now able to take out ...
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  • Six Questions You Should Ask Before Taking Out A Short Term Loan

    Posted By admin || 20-May-2010

    Finding fast cash for emergencies can be tough especially if you don't have savings and lack good credit. That's why so many people choose to take out payday loans, car title loans, tax refund anticipation loans and even purposely overdraft their bank account. But using any of the aforementioned methods to get fast cash could cause fast and long lasting financial problems. There is another way. ...
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  • Financial Survival For The Long-Term Unemployed

    Posted By admin || 19-May-2010

    Survival Tips for the Long-Term Unemployed One of the biggest problems facing Americans is the prospect of long-term unemployment. Recently the number of first time applications for unemployment insurance rose by 24,000 pushing the number of initial requests for unemployment insurance to 484,000. Many of those unemployed Americans will eventually join the ranks of approximately 5.97 million people ...
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  • How To Avoid A Second Bankruptcy Filing

    Posted By admin || 7-May-2010

    Filing bankruptcy offers debtors the opportunity to have a fresh new start financially; however in order to avoid filing bankruptcy again, there are few habits debtors need to develop. One of the most common reasons that debtors fall behind on their bills and end up needing to file bankruptcy is the lack of an emergency fund. One of the most important foundations of financial security is having an ...
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  • Texas Unemployment Numbers Remain Stagnant

    Posted By admin || 3-May-2010

    Many analyst watching Texas unemployment had shown a glimmer of hope when job gains were posted in January. However, a loss of 13,000 jobs in February erased January's meager gains. Currently, many of Texas' employers are implementing job losses and Texas' unemployment rate remains stagnant at 8.2 percent as of February. "The Texas unemployment rate remained at 8.2 percent for the fourth month in ...
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  • Four Things You Should Do If Suffer A Job Loss

    Posted By admin || 26-Mar-2010

    When a debtor faces a job loss, the first thing they should do is apply for unemployment insurance. Don't make the assumption that you don't qualify for unemployment insurance, apply and allow them to approve or not approve your benefits. One of the mistakes that many unemployed workers make is waiting too long to apply for their unemployment benefits, don't make that mistake, apply as soon as you ...
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  • Dallas-Forth Foreclosures Continue To Rise

    Posted By admin || 8-Mar-2010

    Foreclosures in the Dallas-Fort Worth area rose again by 18 percent compared to last month's foreclosure filings. But compared to last year's foreclosure filings in the same month, the foreclosures increased by a whopping 37 percent. Many analysts believe that many foreclosures that were on hold at the end of 2009 are now being released causing the most recent rise in foreclosures. Also, many ...
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  • Employer Hiring Freeze Fuels High Unemployment

    Posted By admin || 26-Feb-2010

    While the U.S. lost 106,000 jobs since January, employers have added a net 52,000 temporary jobs since then. But many economists are saying that the increase in temporary jobs may not be a sign that there is a jobs recovery on the horizon. "I think temporary hiring is less useful a signal than it used to be," says John Silvia, chief economist at Wells Fargo. "Companies aren't testing the waters by ...
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  • World's Largest Employer Cuts 11,200 Jobs

    Posted By admin || 4-Feb-2010

    Wal-Mart Stores, Inc. is implementing 11,200 job losses at its Sam's Club warehouses in an effort to stop financial losses being experienced by the discount grocery chain. Approximately 1,200 of those job losses will be in Texas. The cuts represent about 10 percent of the warehouse club operator's 110,000 staffers across its 600 stores. That includes 10,000 workers, mostly part-timers, who offer ...
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  • Rising Job Losses May Send Millions To Bankruptcy

    Posted By admin || 3-Feb-2010

    The latest job loss report released by the Labor Department is not encouraging. There were 85,000 job losses in December and that's after employers added 4,000 jobs in November. It just seems that America's workers can't seem to get a break. Even those who have been looking for work for an extended period of time remain unemployed. There are 5.4 million Americans receiving unemployment benefits ...
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  • Job Losses Continue To Pile Up In 2010

    Posted By admin || 27-Jan-2010

    The U.S. has lost more than 7.2 million jobs since the recession began in December 2007 and job losses are continuing as we enter the new year. The biggest and most recent job losses are coming from defense contractor Lockheed Martin Corp. which is implementing 1,200 job losses and shipping giant UPS which is implementing 1,800 job losses. Shipping giant UPS Inc. will cut 1,800 management and ...
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  • Largest Foreclosure Posting in North Texas in More Than 20 Years

    Posted By admin || 22-Jan-2010

    The 400-room Four Seasons Resort in Irving, which hosts the annual Byron Nelson golf tournament, is facing foreclosure. In 2009, more than 2,400 commercial properties were posted for foreclosure in the Dallas-Fort Worth area, but none of the foreclosures were nearly as large as the Four Seasons Resort in Irving. The property, well known for hosting the annual Byron Nelson golf tournament, was ...
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  • Pilgrim's Pride's Post Bankruptcy Moves Include Texas Job Losses

    Posted By admin || 19-Jan-2010

    In their effort to consolidate jobs and streamline processes, Pilgrim's Pride which was purchased by JBS USA during Chapter 11 bankruptcy, implemented 230 corporate and administrative job losses, including 160 job losses in East Texas. "We operate a lean corporate structure," said spokesman Chandler Keys. "One of the main goals is to make sure we don't have layers of bureaucracy." While more job ...
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  • Divorce and Bankruptcy: Three Questions You Need To Ask

    Posted By admin || 13-Jan-2010

    Couples filing bankruptcy and going through a divorce need to carefully weigh their bankruptcy decisions. Here are a few questions you should ask yourself and your potential bankruptcy attorney before you proceed: Should We File Bankruptcy Together or Separately? While some divorcing couples get along fine and may be able to go through a bankruptcy together with little to no problems, others may ...
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  • New Unemployment Claims Rise To 480,000

    Posted By admin || 4-Jan-2010

    The Labor Department said Thursday that the number of new jobless claims rose to 480,000 last week when many economists were hoping for a decline and a sign that the job losses would be improving soon. But the rise in weekly claims of 7,000 last week, which had followed an increase of 19,000 the previous week, shows that the improvement has been halting. Analysts believe that claims need to fall ...
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  • Texas Struggles To Replenish Unemployment Insurance Trust Fund

    Posted By admin || 21-Dec-2009

    In an effort to replenish the Texas unemployment insurance fund, the Texas Workforce Commission has announced that next year two-thirds of Texas businesses will pay nearly three times the unemployment benefits tax they paid this year. Businesses that pay the minimum state unemployment tax will owe nearly $65 per worker in 2010, up from about $23 this year. Under Texas' unemployment insurance ...
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  • Are TARP Funds Coming Your Way?

    Posted By admin || 14-Dec-2009

    One of the biggest controversies surrounding the use of TARP funds (aka bailout money) has been that none of that money was used to directly benefit homeowners facing foreclosure. Proponents of funneling money into the banking industry as opposed to homeowners claimed that the benefits of the bailout would trickle down to homeowners facing foreclosure. However, many months later we have found that ...
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  • Could 2010 Bring More Job Losses Via Outsourcing?

    Posted By admin || 9-Dec-2009

    Neiman Marcus has announced that retail store sales dropped a staggering 7.5 percent in November. In an effort to cut costs, the company is implementing job losses and outsourcing its information technology department. New jobs will go India. Is this a trend? As job losses mount and the recession clamps down on consumer spending, many large companies (and some small companies) are turning to ...
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  • Three Reasons Part-Time Workers Are More Likely To Face Bankruptcy

    Posted By admin || 4-Dec-2009

    Are Part-Time Workers More Likely to File Bankruptcy? Many Americans who have remained unemployed for over a year are now searching for any work they can find to fill the gap in their finances. Oftentimes, former full-time workers are forced to work part-time which can often make them more vulnerable to bankruptcy. Here's why: Working part-time brings in less money than full-time work. For those ...
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  • How To Prepare For Job Losses

    Posted By admin || 3-Dec-2009

    If you were to listen to some of the most popular economists and pundits you would think that the economy is on the upswing and that Americans are just swimming in cash. But the truth of this matter is that the economy is still faltering. Unemployment is still over 10 percent nationwide and some states are battling an unemployment rate of 16 percent. And if that wasn't enough to rock our already ...
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  • Unemployment, Taxes and You

    Posted By admin || 30-Nov-2009

    If you're unemployed during this recession, several factors may greatly impact your tax liability. For unemployed workers who received unemployment insurance benefits, the IRS will tax all benefits after the first $2400. If taxes were not automatically withdrawn from your unemployment benefits check you could end up being liable for hundreds, if not thousands of dollars in taxes. Here's what you ...
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  • Nokia Announces Dallas Job Losses

    Posted By admin || 17-Nov-2009

    According to an article in the Dallas Morning News, Nokia Siemens Networks announced that it will implement 100 job losses in the Dallas area. The company employs 900 Dallas residents and 64,000 workers worldwide. The job losses are a part of Nokia's global reorganization designed to save more than $700 million by the end of 2011. The article said: "The company said it expects to eliminate 7 ...
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  • Three Tips For Handling Debt Related Stress

    Posted By admin || 16-Nov-2009

    Being buried in debt can put tremendous amounts of stress on any individual. Here are some tips for handling stress caused by debt: Get help immediately. If you see that you are drowning in debt and simply can't pay, get some assistance. Some creditors are willing to negotiate repayment plans and if not, you can use bankruptcy to relieve some of the stress. Bankruptcy can be effective in relieving ...
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  • Unemployed Workers Worse Off Than In 1982

    Posted By admin || 16-Nov-2009

    According to an article in the Star-Telegram, unemployed workers may be worse off now than they were the last time the unemployment rate topped 10 percent in 1982. The article said: "Americans have more than triple the debt they had in 1982, and less than half the savings. They spend 10 weeks longer off the job. And a bigger share of them have no health insurance, leaving them one medical ...
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  • 10.2% Unemployment in a Bad Economy

    Posted By admin || 12-Nov-2009

    According to an article in the Dallas Morning News, the unemployment rate has surpassed 10 percent for the first time since 1983. The article said: "The Labor Department said Friday that jobless rate rose to 10.2 percent, the highest since April 1983, from 9.8 percent in September. The economy shed a net total of 190,000 jobs in October, less than the downwardly revised 219,000 lost in September, ...
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  • American Airlines Workers Suffer Job Losses

    Posted By admin || 7-Nov-2009

    According to an article in the Star-Telegram, American Airlines has cut its fleet from 900 planes to 600. Because it has fewer planes, the company announced 700 job losses and the closure of its Kansas City maintenance base. The job losses will affect mechanics, engineers, management as well as union and non-union workers. No job losses have been announced for the Fort Worth maintenance facility; ...
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  • Job Losses Continue To Rise Despite Government Recovery Claims

    Posted By admin || 3-Nov-2009

    According to an article in the Star-Telegram, the government and many economists claim that the recession is in its waning days; but job losses tell a different story. The article said: "The government releases third-quarter Gross Domestic Product figures on Thursday. Many forecasters say they will show GDP growing at an annual rate of about 3 percent, validating a widely held belief among ...
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  • $787 Billion Later - Job Losses Still Increase

    Posted By admin || 28-Oct-2009

    According to an article in the Dallas Morning News, Texas companies and local governments say they've saved or created about 1,100 jobs with stimulus-funded contracts created by the $787 billion state stimulus package; but many critics say the self-reported results are suspect. The article said: "The jobs include many instances in which construction companies assert that stimulus contracts allowed ...
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  • Small Businesses Look To More Job Losses For Relief

    Posted By admin || 25-Oct-2009

    According to an article in the Dallas Morning News, a private survey by the National Federation of Independent Businesses revealed that small businesses in the U.S. plan to continue implementing job losses over the next three months in an effort to balance out the affects of falling revenue. "The number of companies looking to cut jobs exceeded the number expanding staff by 4 percentage points in ...
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  • More Job Losses Disappoint Economists

    Posted By admin || 25-Oct-2009

    According to an article in the Dallas Morning News, the number of job losses increased last week more than many analysts had hoped. The Labor Department employment report stated that there were more than 531,000 initial unemployment claims last week, an increase of 10,000. The article said: "The report is "slightly disappointing," Ian Shepherdson, chief U.S. economist at High Frequency ...
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  • Retailers Plan More Job Losses For 2009 Holiday Season

    Posted By admin || 21-Oct-2009

    According to an article in the Dallas Morning News, a survey released by the Hay Group revealed that about 57 percent of retailers are planning job losses for the 2009 holiday season, while another 40 percent said they would hire fewer workers. The article said: "Last year, retail employment grew by just 384,300 from October through December, according to the Bureau of Labor Statistics. That ...
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  • No Compassion For Homeowners Facing Foreclosure?

    Posted By admin || 20-Oct-2009

    According to an article in the Star-Telegram, a Florida appeals court chastised a judge for granting extensions in a foreclosure case for compassionate reasons. The article said: "The Third District Court of Appeal ruled last week that Circuit Judge Valerie Manno Schurr could not grant extensions solely on grounds of benevolence or compassion. Schurr had given a Miami couple an extra month to sell ...
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  • Are You One Of The 5 Million Americans Facing Over Six Months Of Employment?

    Posted By admin || 19-Oct-2009

    Are you one of the 5 million Americans who have remained unemployed for more than six months? There are more than 14 million unemployed Americans and five million of them are facing long-term unemployment that could extend well past a year. Even after the economy improves, many analysts expect that the unemployment rate will continue to rise for about 19 months. What can you do to prepare yourself ...
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  • How Will Texas' Unemployment Fund Insolvency Affect You?

    Posted By admin || 16-Oct-2009

    Texas' Unemployment Fund According to an article in the Dallas Morning News, the Texas unemployment compensation fund is out of money and relying on loans from the federal government to survive. New taxation for businesses is probably the only way to get out of the red; but officials are hesitant to hit businesses with higher taxes during this recession. The article said: "No decision has been ...
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  • Unemployment Claims Fall Slightly But Economy Is Still On The Rocks

    Posted By admin || 14-Oct-2009

    According to an article in the Dallas Morning News, the Labor Department announced that new claims for unemployment insurance benefits dropped last week to a seasonally adjusted 521,000. The article said: "Despite the improvement, initial claims remain well above the 325,000 that economists say is consistent with a healthy economy." Also, there are still 8.9 million Americans continuing to receive ...
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  • Bankruptcy Judge Approves Settlement For Labor Dispute

    Posted By admin || 13-Oct-2009

    According to an article in the Associated Press, the nation's largest construction subcontractor, Building Materials Holding Corp., will pay nearly $475,000 to a group of construction workers under a legal settlement approved by the bankruptcy judge overseeing the company's Chapter 11 proceedings. The article said: "The lawsuit accused the company and its subsidiaries, including San ...
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  • Texas Health Resources Implements More Job Losses

    Posted By admin || 8-Oct-2009

    According to an article in the Star-Telegram, Texas Health Resources is implementing its third round of job losses this year. More than 100 Texas Health Resources employees have suffered job losses this year, including 23 workers at the Texas Health Harris Methodist Hospital Fort Worth. The article said: "The layoffs, announced to employees on Sept. 8, are an attempt to adjust the company's work ...
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  • First-Time Unemployment Claims Continue To Rise

    Posted By admin || 5-Oct-2009

    According to an article in the Dallas Morning News, first-time claims for unemployment insurance benefits increased more than expected last week. The Labor Department reported that initial unemployment insurance claims rose to 551,000 from 534,000. Analysts had expected that unemployment claims would only rise to 535,000. "Economists closely watch initial claims, which are considered a gauge of ...
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  • As Unemployment Increases More Employers Use Credit Checks

    Posted By admin || 23-Sep-2009

    It's seems to be getting tougher out there for Americans who are struggling financially, facing foreclosure and/or bankruptcy. According to an article in the Dallas Morning News, as millions of Americas face job losses, more employers are choosing to run credit checks on prospective workers. And what's on a candidate's credit report may affect whether they get the job or not. The article said: ...
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  • Texas Unemployment At 22 Year High

    Posted By admin || 23-Sep-2009

    According to an article in the Star-Telegram, the Texas unemployment rate hit 8 percent for the first time in 22 years. The last time the state experienced unemployment numbers that high was during the 1980's oil bust. But despite Texas' high unemployment rate, the state is still fairing better than the country as a whole, which has an unemployment rate of 9.7 percent. The article said: "Despite ...
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  • Young and Old Hit Hardest By Unemployment and Job Losses

    Posted By admin || 15-Sep-2009

    According to an article in the Star-Telegram, young people between the ages of 25 and 29 and women over age 55 are being hit hardest by job losses and prolonged unemployment. The article said: "Places with high concentrations of people in their late 20s or nearing what they thought would be their retirement age are feeling the recession the hardest, as measured by The Associated Press Economic ...
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  • Consumers are Becoming Delinquent on Loans at a Faster Rate than Ever Before

    Posted By admin || 11-Sep-2009

    Credit delinquency rates are at all-time highs according to the American Bankers Association. According to an article on Reuters, U.S. consumers are falling behind on loan payments at a faster rate than has ever been seen before. The mounting number of job losses is seen as a major reason why delinquent payments hit an all time high in the first quarter on both credit card payments and home equity ...
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  • Unemployment Rate on the Rise... Again

    Posted By admin || 11-Sep-2009

    The metroplex continues to feel the pain of unemployment as updated stats were announced today in the Denton Record-Chronicle. The City of Denton and Denton both experienced significant increases in their unemployment rates. The article stated: "Denton County's unemployment rate reached 7.6 percent in June, up a full point from 6.6 percent in May. The city of Denton's unemployment rate rose to 6.6 ...
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  • Involuntary Unemployment Credit Card Insurance--Is It Really Worth It?

    Posted By admin || 10-Sep-2009

    As more credit card consumers face job losses, many credit card companies are encouraging credit cardholders to buy involuntary unemployment credit card (IUCC) insurance which will make your credit card payments while you're unemployed. Sounds like a sweet deal; but what are the true costs? Costs of Involuntary Unemployment Credit Card Insurance Credit card consumers who buy involuntary ...
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  • Layoffs Driving Higher Rates of Delinquencies

    Posted By admin || 9-Sep-2009

    According to an article in the U.S. News and World Report, the American Bankers Association announced record high delinquencies in consumer loans. They attribute the increase to the almost 6-million jobs lost since the beginning of the recession. Delinquencies are not limited to a particular type of loan. The highest rate of delinquencies is in home equity loans. They have gone from 3.03 percent ...
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  • National Unemployment Rate Rises to 9.5 Percent

    Posted By admin || 7-Sep-2009

    According to an article in the Dallas Morning News, the national unemployment rate rose to 9.5 percent as employees suffered 298,000 job losses in August. But increased job losses and high unemployment hasn't stopped many companies from enjoying higher productivity. The article said: "... U.S. worker productivity rose in the second quarter at the fastest pace in almost six years as companies ...
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  • U.S. Postal Service to Implement 30,000 Job Losses?

    Posted By admin || 1-Sep-2009

    An article in Reuters announced that the U.S. Postal Service is hoping to slash 30,000 jobs by offering buyouts to union employees. The article said: "The incentive for voluntary resignations and early retirements among a pool of veteran workers by the end of September is part of a drive to cut costs by $6 billion this fiscal year, the Postal Service said... The majority of those offered $15,000 ...
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  • Rising Unemployment Casts Doubts on President Obama's Economic Recovery Plan

    Posted By admin || 31-Aug-2009

    Critics of President Obama are taking advantage of the rising unemployment rate to question the effectiveness of his recovery plan and economic leadership, and the huge budget deficit is only adding fuel to their fire. President Obama is working to show that there are concrete benefits to his recovery plan, saying that his administration expects to save or create 600,000 jobs this summer, thanks ...
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  • Dallas-Fort Worth Unemployment Rate 8.3 Percent

    Posted By admin || 31-Aug-2009

    According to an article in the Dallas Morning News, the Dallas-Fort Worth unemployment rate has increase to 8.3 percent from 8.2 percent in June and from 5.3 percent a year ago. And many of Dallas-Fort Worth's unemployed are not being counted because many have given up searching for work or have taken temporary or part-time jobs. And despite some job growth in the area, Dallas-Fort Worth has lost ...
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  • Unemployment Continues to Rise as Businesses Avoid Hiring

    Posted By admin || 22-Aug-2009

    According to an article in the Dallas Morning News, only about 7 percent of small businesses added to their workforces in the second quarter of this year, while 24 percent implemented job losses. The article said: "Small-business owners who have cut jobs over the past year are in no hurry to start hiring again just because the recession is tapering off. From a Dallas advertising firm to a North ...
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  • Will My Boss Fire Me If I File Bankruptcy?

    Posted By admin || 21-Aug-2009

    Many debtors considering bankruptcy are terrified of the possible consequences of their bankruptcy case. Many debtors fear that all of their friends and neighbors will find out about their bankruptcy or that they will lose their job because of their bankruptcy. Well, the good news is that the bankruptcy laws forbid an employer from discriminating against current employees who have filed ...
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  • State Specific Bankruptcy Issues, Property Exemptions, Unemployment

    Posted By admin || 19-Aug-2009

    Consumers still covered with high unemployment stats can protect property The latest Gross Domestic Product report indicates that the recession will end this spring, and at the latest by the end of the year. Some analysts are evening predicting some growth in the last quarter of this year. The not-so-silver lining though is that job growth will still continue to lag behind. Many corporate ...
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  • Small Business and Self-Employment

    Posted By admin || 19-Aug-2009

    Anyone who works for a major company will tell that it has its own unique flavor. Some companies require their employees to dress up like Star Trekkie wanna bes at their annual meetings. Some require their employees to do team cheers every morning. It's all part of that companies corporate culture. It usually comes in the form of a memo from the CEO or a new program from the human resources ...
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  • No Positive Spin for New Unemployment Numbers

    Posted By admin || 19-Aug-2009

    According to an article in the Star-Telegram, the number of unemployed workers claiming unemployment benefits rose last week as retail sales weakened. The Labor Department reported 558,000 initial unemployment insurance benefits claims last week, an increase from 554,000 from the previous week. Analysts had hoped that the new unemployment insurance benefits claims would drop to 545,000; but the ...
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  • Facing a Job Loss? Don't Panic!

    Posted By admin || 18-Aug-2009

    Facing a job loss in these tough economic times can be terrifying; but there's no need to panic. Having a plan in advance of receiving the pink slip can save you lots of money and stress. Step #1 - Once you suffer a job loss you need to take a careful and honest assessment of your financial state. How much money do you owe your creditors? How much money do you spend on monthly expenses? Include ...
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  • Texas Unemployment Fund Runs Dry

    Posted By admin || 18-Aug-2009

    Texas Unemployment Benefits Fund is Gone According to an article in the Dallas Morning News, the Texas unemployment benefits fund is empty. With Texas' unemployment rate at an all time high, the state may be forced to borrow $1.5 billion from the federal government if it wants to continue paying jobless benefits to the state's unemployed workers. The article said: "In the first quarter, the state ...
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  • 6.7 Million Job Losses Since December 2007

    Posted By admin || 13-Aug-2009

    According to an article in the Star-Telegram, America has experienced 6.7 million job losses since the recession began in December 2007. But the most recent unemployment report released revealed that job losses slowed to 247,000 in July and the unemployment rate dropped to 9.4 percent. However, the new unemployment rate does not account for workers who have given up looking or who have taken ...
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  • Texas' Unemployed Avoid Four Month Delay in Benefit Payout

    Posted By admin || 11-Aug-2009

    According to an article in the Dallas Morning News, the Texas Workforce Commission has begun paying out as much as 13 weeks of additional unemployment benefits to the state's chronically unemployed. Last month the commission announced that they couldn't pay extra unemployment benefits until November because of computer problems and complex federal rules that were difficult to abide by. But to due ...
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  • Initial Unemployment Claims Drop Slightly

    Posted By admin || 11-Aug-2009

    According to an article in the Dallas Morning News, initial unemployment benefits claims dropped slightly last week to 550,000. That's down from 588,000 initial unemployment benefits claims from the previous week. But the number of people remaining jobless and continuing to receive unemployment benefits has risen. The article said: "The number of people continuing to claim benefits rose, however, ...
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  • Bounced Checks Can Land You In Jail

    Posted By admin || 4-Aug-2009

    Times are rough out there and many Texans are facing tough choices as they face foreclosure and job losses. Unemployed/underemployed and low on savings, some unscrupulous Texans are choosing to bounce checks to pay their rent/mortgage, utilities or to just put food on the table. Many don't set out to bounce a check, they figure they can write the check and will have enough time to deposit money in ...
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  • Congress Votes to Beef Up Unemployment Trust

    Posted By admin || 1-Aug-2009

    According to an article in the Star-Telegram, the House is planning to vote on legislation that will beef up the federal unemployment trust so that states will have the money to pay millions of unemployed Americans already receiving unemployment benefits. The article said: "The bill provides "such sums as may be necessary" for the federal unemployment trust fund, a pool of money financed by ...
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  • Could Unemployment and Credit Problems Equal More Stress for Married Couples?

    Posted By admin || 30-Jul-2009

    According to an article in the Star-Telegram, job losses may take an extra toll on those who are married as opposed to their single counterparts. The article said: "Unemployed husbands and wives reported experiencing stress more often than single job seekers, 81 percent to 51 percent respectively, according to a recent survey." The survey also found that more than one-third of unemployed people ...
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  • Job Losses Don't Need to Equal Foreclosure

    Posted By admin || 29-Jul-2009

    When a homeowner suffers a job loss, the most immediate fear is foreclosure. It's natural to believe that foreclosure is imminent after a job loss; but a job loss doesn't need to equal foreclosure. There are a few things a homeowner can do to avoid foreclosure after a job loss: #1 - Contact you lender immediately after a job loss. Be honest with them and explain the situation to them and make it ...
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  • 566,000 More Workers Receive Unemployment Benefits

    Posted By admin || 26-Jul-2009

    According to an article in the Dallas Morning News, 566,000 newly unemployed workers filed unemployment claims this week as the number of job losses continue to rise. The recent automaker job losses are one the major factors contributing to the increase, according to government officials. But most experts agree that the unemployment rate and the number of job losses will only continue to rise this ...
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  • More Commercial Real Estate Foreclosures Predicted for Dallas-Fort Worth

    Posted By admin || 25-Jul-2009

    According to an article in the Dallas Morning News, some advocates for Dallas-Fort Worth's low-wage workers accused the Texas Workforce Commission of stalling a payout of 13 additional weeks of unemployment benefits to workers who have been unemployed for more than a year. The Texas Workforce Commission claims that they must indefinitely delay unemployment benefit extension checks due to technical ...
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  • Texans Go Without Healthcare Risking Their Lives and Finances

    Posted By admin || 23-Jul-2009

    According to an article in the Star-Telegram, an estimated 5,550 Texans are losing their health coverage each week as the number of job losses increase and the cost of healthcare rises, making many Texans vulnerable physically and financially. The article said: "Rising like a deadly tide, escalating health care costs will have caused 866,580 Texans to lose their health coverage between January ...
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  • Unemployment Trust Fund to Plunge to Zero, 15,000 Jobless Texans Exhaust Benefits

    Posted By admin || 16-Jul-2009

    According to an article in the Star-Telegram, Texas' unemployment trust fund will plummet to zero next week and up to 15,000 jobless Texans are expected to exhaust their unemployment benefits by the end of July. The Texas Workforce Commission plans to borrow $643 million, interest-free from the federal government to pay claims through October 1st and is working diligently to implement a 13-week ...
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  • Federal Reserve Predicts Unemployment Will Hit 10.1 Percent

    Posted By admin || 16-Jul-2009

    According to an article in the Star-Telegram, the Federal Reserve expects that unemployment will top 10 percent and remain high for the next several years. The article said: In fact, most Fed policymakers said it could take "five or six years" for the economy and the labor market to get back on a path of full health in the long term. And, most officials saw "the economy as still quite weak and ...
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  • Legal Aid Turns Away 80% of Americans Seeking Help

    Posted By admin || 14-Jul-2009

    According to an article in the Star-Telegram, an estimated 80 percent of low-income Americans seeking help at Legal Aid centers nationwide are turned away. The large percentage is mostly caused by more Americans facing job losses, foreclosure and bankruptcy and needing legal assistance. The article said: "The crush of new clients comes as the cash-strapped agencies cut staff and services. The ...
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  • Increase in Claims Continue to Burden Workforce Commission

    Posted By admin || 13-Jul-2009

    According to the Star Telegram and the Texas Workforce Commission, unemployment claims paid through TWC have more than doubled since 2008. The increase in the number of filings is adding even more pressure to the already stressed TWC. According to the article, the TWC has lost federal funding for workers over the last few years. Despite the losses, they are working as quickly as possible to ...
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  • More Job Losses - Unemployment Rises to 9.5 Percent

    Posted By admin || 2-Jul-2009

    According to an article in the Dallas Morning News, the country suffered 467,000 job losses in June, sending the unemployment rate soaring to 26-year high of 9.5 percent. And that's not all, the average American worker who hasn't succumb to a job loss has seen his/her workweek shrink to 33 hours, causing many workers to not only cut back on spending but to come perilously close to foreclosure and ...
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  • Consumers Spending Reduced by Fear of Job Losses

    Posted By admin || 2-Jul-2009

    According to an article in the Star-Telegram, Americans are drastically cutting back on spending as the number of job losses and bankruptcies continue to rise. The Conference Board reported this week that its Consumer Confidence Index is now at 49.3 percent, a significant decline from the May level of 54.8 percent. The article said: "Job security - a key factor in shoppers' willingness and ability ...
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  • More Job Losses Hit American Workers

    Posted By admin || 1-Jul-2009

    According to an article in the Star-Telegram, 127 employees at GE Capital Corp. have suffered job losses at the company's Bedford operation. The article said: "The company said it is restructuring its GE Capital Americas, which has an operation at 2208 Texas 121, according to a Texas Workforce Commission filing. About 34 employees were let go between March 18 and June 16, then 93 employees were ...
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  • Maker Of Huggies, Kleenex and Other Paper Products Announces Job losses

    Posted By admin || 26-Jun-2009

    According to an article in the Dallas Morning News, Kimberly-Clark Corp. the maker of Kleenex tissue, Scott paper products and Huggies diapers announced that it is implementing 1,600 job losses. That amounts to 3 percent of its 53,000 worldwide workforce. Six hundred of those job losses will affect U.S. employees who are taking "voluntary" severance offers at the end of this month. Kimberly-Clark ...
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  • Job Losses, Unpaid Work and Furloughs Sending More Americans to Bankruptcy

    Posted By admin || 25-Jun-2009

    We've got millions of Americans out of work and the bankruptcy filings just continue to rise. Even the most optimistic of Americans are finding themselves up against a financial wall, with only bankruptcy preventing total financial disaster. There's an interesting article at the NJ.com featuring the stories of several debtors who have filed bankruptcy, giving a truly grim but honest look at the ...
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  • Job Losses Rise Again as Unemployment Hits 9.4 Percent

    Posted By admin || 25-Jun-2009

    According to an article in the Star-Telegram, new jobless claims jumped last week by 15,000. Many workers facing job losses in the educational system were counted amongst the job loss casualties. The article said: "Economists had expected a drop to 600,000. Several states reported more claims than expected from teachers, cafeteria workers and other school employees, a Labor Department analyst ...
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  • Texas Workforce Commission Overwhelmed by Surge in Unemployed

    Posted By admin || 23-Jun-2009

    According to an article in the Star-Telegram, unemployed residents are often faced with long waits and busy signals when calling the Texas Workforce Commission regarding their unemployment claims. The rise in job losses have put a strain the Texas Workforce Commission's resources and many unemployed Texans are waiting weeks to get questions answered. The article said: "Paid unemployment claims in ...
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  • Dallas-Fort Worth Unemployment Rises to 7.1 Percent

    Posted By admin || 22-Jun-2009

    According to an article in the Star-Telegram, the unemployment rate in Dallas-Fort Worth and the surrounding area rose to 7.1 percent in May. Nationally, the unemployment rate has inched up to 9.4 percent, only a few percentage points away from the dreaded 10 percent unemployment rated predicted by analysts. The article said: "Texas ' nonfarm payroll jobs fell by 24,700 in May compared to April, ...
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  • Fifty Percent Exhaust Their Unemployment Benefits Without Finding Work

    Posted By admin || 19-Jun-2009

    According to an article in the Dallas Morning News, the number of workers receiving unemployment benefits dropped by 148,000 to 6.69 million; but 50 percent of those workers had exhausted their unemployment benefits without finding work. The article said: The report shows that job losses are easing after companies made deep cuts earlier this year. But nearly half of recipients at the end of last ...
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  • Texas Unemployment Expected to Near 9 Percent

    Posted By admin || 15-Jun-2009

    According to an article in the Dallas-Morning News, Wells Fargo economist Eugenio Aleman released a report on the Texas and Dallas-Fort Worth economy. The article said: The Texas economy has finally succumbed to the current U.S. and world recession... Thus, expect the unemployment rate to increase from its current level of 6.7 percent...and get close to 9 percent by the end of the year before it ...
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  • More Unemployed Americans Continue to Receive Unemployment Benefits

    Posted By admin || 11-Jun-2009

    According to an article in the Dallas Morning News, the number of new unemployment claims fell slightly while the number of jobless Americans continuing to receive unemployment benefits rose. The article said: The Labor Department said Thursday that initial claims for unemployment benefits fell last week by 24,000 to a seasonally adjusted 601,000. That's below analysts' estimates of 615,000. ...
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  • Navigating Unemployment Benefits in Texas

    Posted By admin || 10-Jun-2009

    As job losses continue to rise for Dallas-Fort Worth residents, many unemployed workers are accessing their unemployment benefits for the first time. The process can sometimes be confusing and frustrating for those who are unfamiliar with it, so here are a few tips on navigating the unemployment benefits system: Once you are unemployed do not delay filing for your unemployment benefits. Visit ...
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  • Unemployment Rises To 9.4 Percent

    Posted By admin || 5-Jun-2009

    According to an article in the Star-Telegram, the national unemployment rate spiked to 9.4 percent in May. It's the highest unemployment rate in more than 25 years despite a slight decrease in job loses with employers cutting 345,000 jobs in May. The article said: Still, the increase in the nation's unemployment rate from 8.9 percent in April underscores the difficulties that America's 14.5 ...
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  • Job Losses And Economy Batter Seniors

    Posted By admin || 5-Jun-2009

    According to an article in the Dallas Morning News, over 1.8 million senior citizens are searching for work but can't find it in this economy. And for those who do have jobs, more than 26 million senior citizens are delaying or completely foregoing retirement due to battered 401(k)s, missing pensions and devalued homes. And for those seniors who are facing job losses and/or reduced income many are ...
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  • More Job Losses To Come As GM And Chrysler Shed Dealerships

    Posted By admin || 5-Jun-2009

    According to an article in the Star-Telegram, General Motors and Chrysler worked overtime to convince skeptical lawmakers on Wednesday that shedding dealerships, despite the job losses it will cause, is a necessary evil. The automakers, currently in bankruptcy, say that if they don't close unprofitable dealerships and implement job losses that may not survive. The article said: "This is our last ...
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  • Retail Space Occupancy Down As Job Losses Take Toll On Spending

    Posted By admin || 28-May-2009

    According to an article in the Star-Telegram, there are more empty retail spaces in the Dallas-Fort Worth as the rising number of job losses takes its toll on consumer spending. The article said: Shopping center occupancy slipped 1.4 percentage points in the first quarter to 84.3 percent, the lowest level this market has seen in three years...That compares with 85.5 percent occupied in the first ...
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  • Do People Have A Moral Obligation To Repay Debt No Matter What?

    Posted By admin || 26-May-2009

    There are many people out there who believe that debtors have a moral obligation to repay debt no matter what--illness, destitution, job loss or other crisis. Although, I respect the beliefs of others, I don't think this argument is sound. The laws of this country are designed to forgive the debts of individuals and businesses when necessary by using bankruptcy. It's set up like this for a ...
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  • Texas Suffers Over 39,000 Job Losses In April

    Posted By admin || 22-May-2009

    According to an article in the Dallas Morning News, Texas employers experienced 39,500 job losses in April, as job losses in the state continues to rise. The state's unemployment rate is currently 6.7 percent, far below the nationwide unemployment rate of 8.9 percent. However, with an unemployment rate of 6.6 percent, Dallas-Fort Worth has the highest unemployment rate among the state's four ...
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  • Job Losses Sometimes Lead To Homelessness -- Be Prepared

    Posted By admin || 20-May-2009

    There is a must read article in the Star-Telegram that shares the stories of ordinary Americans who suffered job losses and eventually became homeless. One particular story stood out, about a woman who became homeless after losing her job as a certified nursing assistant. The article said: "I never expected this," said McGregor, who is 49 and divorced. "It wasn't drug-related or because of alcohol ...
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  • Can A Corporate Bankruptcy Threaten Retirement Savings?

    Posted By admin || 18-May-2009

    With a rising number of corporate bankruptcies, many American workers are facing job losses and reduced pay and benefits. But one of the benefits that corporate bankruptcy threatens is retirement funds mostly in the form of a pension or 401(k). There's an interesting editorial in the Star-Telegram that calls for the "renegotiation" of how retirement is funded, suggesting that companies may ...
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  • Auto Industry Job Losses Push Unemployment Upwards

    Posted By admin || 14-May-2009

    According to an article in the Dallas Morning News, the number of job losses rose and pushed the number of new unemployment benefits claims up to 637,000. Currently the new nationwide unemployment rate at 8.9 percent. The article said: A department analyst said most of the increase was due to auto layoffs. Economists estimate Chrysler LLC has laid off 27,000 workers in the wake of its April 30 ...
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  • Job Losses Stunt Consumer Spending

    Posted By admin || 13-May-2009

    According to an article in the Dallas Morning News, retails sales showed a disappointing decline for the second month straight in Aprils as the nation's job losses continues to grow. The article said: The Commerce Department said Wednesday that retail sales fell 0.4 percent last month. Many economists had expected a flat reading, and the April weakness followed a 1.3 percent drop in March that was ...
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  • Workers Receiving Unemployment Benefits Reach 6.3 Million

    Posted By admin || 30-Apr-2009

    According to an article in the Star-Telegram, the number of newly unemployed workers signing up for unemployment benefits have declined; but the overall number of people continuing to receive unemployment benefits has increased. The article said: The number of newly laid-off workers signing up for unemployment benefits dropped unexpectedly last week, but the number of people continuing to draw ...
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  • Job Losses Devastate Workers In The Service Industry

    Posted By admin || 29-Apr-2009

    While most of the news has focused on the plight of mostly middle-class class workers affected by corporate bankruptcies, hiring freezes, job losses and foreclosure, those in the working-class are being hit even harder by the downturn. One of the industries devastated by job losses and cutbacks has been the service industry, especially those related to travel. Many busboys, waiters, dishwashers, ...
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  • Governor Perry Fights Legislation That Would Accept Stimulus Money

    Posted By admin || 27-Apr-2009

    According to an article in the Dallas Morning News, Governor Rick Perry is still fighting to kill legislation that would allow the state to accept more than a half-billion dollars in stimulus money for unemployment benefits. If the state of Texas accepts the stimulus money for unemployment insurance, they will be required to expand the unemployment benefits program to include people who are ...
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  • Unemployment Numbers Rise Again

    Posted By admin || 24-Apr-2009

    According to an article in the Star-Telegram, the number of workers claiming unemployment insurance benefits rose from 613,000 to 640,000, which is slightly more than analysts' expectation of 635,000 new unemployment insurance clams. The article said: Economists are closely watching the unemployment compensation data because they believe a sustained decline in the number of initial claims could ...
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  • Subsidized Health Insurance For Those Facing Job Losses

    Posted By admin || 23-Apr-2009

    According to an article in the Star-Telegram, you may be eligible COBRA health insurance subsidies if you suffered a job loss, even if you worked for a small business. The article said: Traditionally, most people who leave their jobs can stay on their former employer's health plan through COBRA, or the Consolidated Omnibus Budget Reconciliation Act of 1985. The idea is to give people access to ...
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  • March Job Losses Hit Dallas-Fort Worth

    Posted By admin || 23-Apr-2009

    According to an article in the Dallas Morning News, Texas employers experienced 47,100 job losses in March, 38,800 of those job losses were concentrated in the Dallas-Fort Worth area. The article said: Texas employers cut their payrolls by another 47,100 jobs in March, while the jobless rate rose to 6.7 percent from 6.5 percent the month before, the Texas Workforce Commission said Friday. But the ...
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  • Jobless Numbers Top 6 Million

    Posted By admin || 16-Apr-2009

    According to an article in the Star-Telegram, the number of unemployed people receiving jobless benefits exceeded 6 million for the first time ever. And that doesn't include the 2.1 million unemployed people receiving extended unemployment benefits under a program passed by Congress in 2008. Despite a slight drop in the number of new claims this past week, experts predict that the number job ...
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  • UBS Job Losses Will Affect Americans

    Posted By admin || 16-Apr-2009

    According to an article in the Star-Telegram, Swiss bank UBS will implement 8,700 job losses in the US and Switzerland, to offset record losses in their business. The article said: Troubled Swiss banking giant UBS AG said Wednesday that it will slash its global work force of 76,200 people by more than 10 percent as part of across-the-board cost cutting to return to profit after racking up billion ...
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  • American Airlines Loses 15 Percent Of Revenue

    Posted By admin || 16-Apr-2009

    According to an article in the Dallas Morning News, Fort Worth based AMR Corp., parent company of American Airlines Inc., lost $375 million (15 percent of its revenue) in the first quarter of 2009. The article said: "While lower fuel prices have provided a significant buffer against falling demand in 2009, the struggling economy and capital markets remain significant challenges for American and ...
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  • It May Be Time To Walk Away

    Posted By admin || 16-Apr-2009

    Things are looking mighty tough for the average American. Job losses, foreclosures, pay cuts, rising medical costs and inflation are threatening even those who are well connected, educated and have enjoyed relatively high salaries. In the past 10 years Americans have experienced prosperity on a scale unparalleled by other societies, yet within only a few years many of us have found ourselves in ...
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  • Over 7 Million Americans Unemployed

    Posted By admin || 10-Apr-2009

    According to an article in the Star-Telegram, 7.4 million Americans are unemployed if you include the 1.54 million Americans receiving extended unemployment benefits. The Labor Department said the tally of initial jobless claims fell to a seasonally adjusted 654,000, down from a revised 674,000 the previous week. Analysts expected claims to drop to 660,000. But the total number of laid-off ...
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  • Military Cuts May Cause Dallas-Fort Worth To Suffer Job Losses

    Posted By admin || 10-Apr-2009

    According to an article in the Star-Telegram, military cuts proposed by Defense Secretary Robert Gates may send more Dallas-Fort Worth workers to the unemployment line. The article said: High on the list of military procurement programs that Gates wants to kill is Boeing's giant, nimble and $180 million C-17 Globemaster III cargo plane, a big part of which is built by Vought in Dallas...The C-17, ...
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  • Unemployed? Don't Ignore The Bill Collectors

    Posted By admin || 10-Apr-2009

    With the unemployment rate at 8.5 percent, many Americans are wondering what they should do if they suffer a job loss and can no longer pay their debts. Well, what you SHOULD NOT do is ignore your creditors. I repeat, do not ignore your creditors, instead, send them a letter explaining to them that you are currently unemployed and that you are unable to repay your debt at this time. There are ...
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  • As Job Losses Mount Bankruptcies Rise

    Posted By admin || 10-Apr-2009

    In the 1st quarter of 2009, 308,530 debtors filed bankruptcy, that's a 35% increase from 2008. In March alone, 121,413 debtors filing Bankruptcy a whooping 45 percent increase from 2008. But debtors filing bankruptcy is not an event happening in a vacuum, it is being pushed by the number of job losses affecting millions of Americans. Just last month workers suffered 663,000 job losses and more job ...
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  • Unemployment Rate Could Surpass 10 Percent

    Posted By admin || 10-Apr-2009

    According to an article in the Dallas Morning News, the national unemployment rate could surpass 10 percent by the end of 2009. The article quoted Dallas Fed Chief Richard Fisher: "I expect the unemployment rate to continue rising to a level that could surpass 10 percent by year-end," he says in the advance text of a speech in Tokyo." The current nationwide unemployment rate stands at 8.5 percent, ...
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  • American Airlines Freezes Pay For Nonunion Workers

    Posted By admin || 10-Apr-2009

    According to an article in the Star-Telegram, American Airlines has frozen pay for 19,000 nonunion employees to avoid more job losses amid a steep drop in travel demand. The article said: "The current economic recession has left organizations across the country facing unprecedented decisions about business, workforce, spending and overall operations," Jeff Brundage, American's senior vice ...
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  • Unemployment Rate Highest Since 1983

    Posted By admin || 3-Apr-2009

    According to an article in Dallas Morning News, the nation's unemployment rate jumped to 8.5 percent in March, the highest since 1983. Employers shed over 663,000 jobs during March, in their efforts to stop the financial bleeding. But it's not just workers facing job losses who are suffering many Americans are being forced to take low-paying part-time work as their unemployment benefits expire and ...
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  • Over 46,000 Job Losses In Texas

    Posted By admin || 1-Apr-2009

    According to an article in the Dallas Morning News, Texas experienced 46,100 non-farm jobs in February sending the unemployment rate upwards to 6.5 percent. Nationwide the unemployment rate is 8.1 percent and the unemployment rate in the Dallas-Fort Worth area is 6.9 percent. The article said: "Texans are facing tough economic times now with significant statewide job losses," said Tom Pauken, ...
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  • White-Collar Job Losses At GM

    Posted By admin || 25-Mar-2009

    According to an article in the Star-Telegram, General Motors Corp. which is facing the possibility of bankruptcy, has begun implementing white-collar job losses as of Tuesday. On Tuesday, GM laid off 160 workers at its manufacturing engineering operations. Over 3,400 salaried job losses are planned for GM's U.S. operations. These scheduled job losses are part of a wider 47,000 job losses to be ...
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  • Nearly 100% Of Major Cities City See Rise In Unemployment

    Posted By admin || 20-Mar-2009

    According to an article in the Star-Telegram, the unemployment rate rose in January 2009 in 99.7 percent of cities tracked by the Labor Department. By comparison, in January 2008 unemploymentt rose in only 63 percent of the cities tracked. And the economy continues to sour as the high number of job losses is expected to send the unemployment rate soaring above 10% nationwide. Many experts even ...
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  • More Job Losses For Texas Hydraulics

    Posted By admin || 18-Mar-2009

    According to an article in the Temple Daily Telegram Texas Hydraulics is implementing another 117 job losses in both office staff and machinist positions. The total number of job losses for Texas Hydraulics has reached 161 since it cut another 44 employees in January. The article said: "Really, this action is driven by the current economic condition that's gripping the entire country," Allis said. ...
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  • Fearing Job Losses Americans Flock To Doctors

    Posted By admin || 18-Mar-2009

    According to an article in Dallas-Fort Worth News, many Americans fearing job losses are heading to the doctor before their medical benefits run out. Doctors are use to seeing in influx of end-of-the-year patients eager to use their flex-spending medical dollars but the rush of patients has stopped. The article said: Doctors at Frisco Primary Care said they are doing 90 percent more physical exams ...
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  • Unemployed And Owe Taxes? You Must Still File

    Posted By admin || 18-Mar-2009

    The deadline to file you federal and state taxes is less than a month away. We can't emphasis the importance of filing your tax return enough. If you fail to file your tax return on time even if you can't pay, there is a hefty fee. Avoid that fee and file by the April 15th deadline. If you were unemployed during the 2008 tax year and received unemployment insurance benefits you may owe taxes on ...
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  • Unemployment Numbers Continue To Rise

    Posted By admin || 12-Mar-2009

    According to an article in the Dallas Morning News, the number of jobless Americans filing for unemployment insurance benefits for the first-time rose again setting a record of the sixth time in the past seven weeks. Over 654,000 unemployed workers filed for unemployment insurance this week up from the previous week's figure of 645,000 first-time filers. Analysts are predicting that the American ...
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  • American Airlines -- More Job Losses

    Posted By admin || 12-Mar-2009

    According to an article in the Star-Telegram, American Airlines is experiencing more job losses, cutting 323 flight attendants by the end of the month as they downsize their operations by 7 percent due to shrinking demand for travel. The Fort-Worth based airline cut over 800 flight attendants last year due to the recession and is in the process of cutting more labor costs as it struggles to ...
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  • Texas "Burning" Cash In Unemployment Insurance Trust Fund

    Posted By admin || 11-Mar-2009

    According to an article in the Dallas Morning News, Texas is quickly burning through cash in the unemployment insurance trust fund. Just last week Texas paid out $64 million in unemployment benefits, which is more than twice the amount it paid out in the same week last year The article said: Larry Temple, the commission's executive director, testified that the trust fund is expected to have just ...
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  • Sometimes Wage Cuts Are Permanent -- Prepare For The Possibility

    Posted By admin || 11-Mar-2009

    There's an interesting blog post at Star-Telegram about the proposed American Airlines pilots' work slowdown because of wages. The article said: The pilots have some legitimate beefs. They took huge pay cuts in 2003 (like everyone else at American), and contract negotiations have dragged on for more than two years with little progress. They're still seething about bonuses that let American ...
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  • More Job Losses For Newspapers

    Posted By admin || 6-Mar-2009

    According to an article in the Star-Telegram, the newspaper is sending 12 percent of its workforce to the unemployment line. The newspaper cited "unprecedented revenue declines due to the economic recession" as the reason for the cuts. Star-Telegram is also cutting wages for the remaining employees by up to 10 percent, freezing pension plans and ceasing employer contributions to 401(k) retirement ...
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  • Unemployment Expected To Hit 7.9 Percent

    Posted By admin || 6-Mar-2009

    According to an article in the Dallas Morning News, the Labor Department is expected to release a report today showing the unemployment rate rising to 7.9 percent with a loss of 648,000 jobs in February. The article said: Employers likely slashed a net total of 648,000 jobs last month, according to economists' forecasts. If they are right, it would mark the worst month of job losses since the ...
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  • Texas Predicted To Lose Nearly 300,000 Jobs In 2009

    Posted By admin || 5-Mar-2009

    According to an article in the Dallas Morning News, Texas could lose nearly 300,000 jobs in 2009 with the unemployment rate hitting 8 percent. The article reported an announcement by Keith Phillips, a Dallas Fed economist who is predicting that the Texas job numbers could contract as much as much as the 3 percent drop seen during the bust of the 1980's. The article said: "Unfortunately, it looks ...
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  • Citigroup Slashes Mortgage Payments For Unemployed

    Posted By admin || 4-Mar-2009

    According to an article in the Star-Telegram, Citigroup Inc. will lower mortgage payments for unemployed homeowners facing foreclosures to an average of $500 a month for three months as part of their Homeowner Unemployment Assist program. Customers who qualify include: Homeowners who are 60 days or more delinquent on paying their mortgage. Homeowners who are in foreclosure Homeowners who have ...
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  • Tips For The Unemployed

    Posted By admin || 4-Mar-2009

    Everyday there is news of massive job losses hitting some town or city in America. And everyone knows at least one person who is unemployed--if they're not unemployed themselves. But being unemployed does not need to be an experience in powerlessness. An article in the Dallas Morning News offers some good (and not so good) tips on what you can do if you find yourself suddenly unemployed--let's ...
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  • Unemployed? Beware Of Job Scams

    Posted By admin || 4-Mar-2009

    Just when we thought things couldn't get worse, according to an article in the Dallas Morning News, the rising job losses nationwide are bringing out a new type of predator, job scammers. The Way Job Scams Work One type of job scam operates by sending emails to unemployed people claiming to have seen their resume online and requesting that they fill out an online application. The online ...
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  • Commercial Real Estate Rental Rates Fall As Landlords Struggle To Keep Tenants

    Posted By admin || 4-Mar-2009

    According to article in the Dallas Morning News, commercial real estate landlords are working hard to hold on to tenants as commercial real estate rental rates plunge and vacancies soar. The article said: It's happening across all areas of commercial real estate - from retail and office to warehouse and manufacturing space. Locally based retailers such as Pier 1 Imports Inc. and Rent-A-Center Inc. ...
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  • Mass Job Losses Increase By 50 Percent

    Posted By admin || 27-Feb-2009

    According to an article in the Dallas Morning News, the Labor Department reported that the number of mass job losses increased by 50 percent in January compared to 2008 numbers. The economy suffered over 235,000 job losses last month as employers shed jobs in an effort to stay in the black. Home Depot Inc., Boeing Co., Pfizer Inc. and Caterpillar Inc. all suffered massive job losses as they ...
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  • Nortel Networks -- More Job Losses

    Posted By admin || 27-Feb-2009

    According to an article in the Dallas Morning News, Nortel Networks Corp. announced that it is implementing an additional 3,200 job losses as it attempts to slash costs and emerge from bankruptcy profitable. The new job losses are in addition to 1,800 job losses it announced earlier this year. Nortel has been in bankruptcy since 2005 and many observers believe that the company should be forced to ...
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  • Americans Filing For Unemployment Rises

    Posted By admin || 27-Feb-2009

    According to an article in the Star-Telegram, the number of jobless workers filing for unemployment has jumped to 667,000 unemployed workers from 631,000 last week. The number of job losses has put a total of 5.1 million unemployed workers onto unemployment insurance not counting those who received benefits extensions. Experts had expected unemployment claims to drop; but the job losses have ...
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  • Weak Manufacturing For Dallas-Fort Worth

    Posted By admin || 24-Feb-2009

    According to an article in the Dallas Morning News, manufacturing activity in Texas has declined significantly, signaling a bleak outlook for jobs and businesses. The article said: "Texas manufacturing activity continued to deteriorate in February, according to business executives responding to the Texas Manufacturing Outlook Survey," the Dallas Fed said in a Monday report. "All indexes for ...
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  • Nearly 5 Million Workers Claim Unemployment Benefits

    Posted By admin || 19-Feb-2009

    According to an article in the Star-Telegram, the number of jobless workers claiming unemployment reached an all-time high of nearly 5 million. The article said: The Labor Department reported Thursday that the number of people receiving regular unemployment benefits rose 170,000 to 4.99 million for the week ending Feb. 7, marking the fourth straight week those receiving benefits have been at a ...
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  • Can Stimulus Plan Offset Job Losses?

    Posted By admin || 18-Feb-2009

    According to an article in the Star-Telegram, the $787 billion stimulus plan promises to save or create 3.5 million jobs nationwide. Many of those jobs approximately 269,000 could go to Texas. But will it be a long-term fix? Can it offset the large number of job losses that are predicted this year? Many experts think not. The article quoted Cal Jillson, a political science professor: "This will ...
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  • Job Losses Hit The College Educated

    Posted By admin || 16-Feb-2009

    According to an article in the Star-Telegram, the job losses being suffered in the current downturn is beginning to ravage white-collar, highly-paid educated workers. The article said: After ravaging blue-collar and lower-paid workers in the construction, manufacturing and retail sectors, job losses from the "Great Recession" are moving their way up the income ladder into areas such as management, ...
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  • Cuts In Inventory Point To More Job Losses

    Posted By admin || 12-Feb-2009

    According to an article in the Star-Telegram, business inventories fell by the largest amount in 17 years increasing fears of more drastic job losses. The article said: On Tuesday, the Commerce Department reported that wholesale inventories - goods held by distributors that generally buy from manufacturers and sell to retailers - fell 1.4 percent in December, the biggest amount in nearly 17 years ...
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  • Even Wal-Mart Gets Hit With Job Losses

    Posted By admin || 12-Feb-2009

    After disappointing sales number over the Holiday season, Wal-Mart announced 700 - 800 job losses at its headquarters in an effort to cut back and increase profits. An article in Talking Retail quoted David Tovar, a spokesman for Wal-Mart: Marketing and support administration jobs are likely to be affected by the changes but retail jobs will not be hit, Tovar said. Wal-Mart, which has made its ...
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  • General Motors Suffers 10,000 Job Losses

    Posted By admin || 11-Feb-2009

    General Motors Corp. (GM) announced that it will implement another 10,000 salaried job losses this year in efforts to save the company from bankruptcy and meet government requirements for viability. The Detroit-based automaker's job losses will slash the company's U.S.-based white-collar workers by 12 percent. Most of the cuts will take place by May 2009. But this isn't the first round of job ...
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  • Job Losses Hurting Co-Worker Couples More

    Posted By admin || 10-Feb-2009

    There's an interesting article at Star-Telegram that explores the ramifications of couples who work at the same company during this recession. The article said: As layoffs mount across the country and in all sectors, couples who are co-workers are increasingly vulnerable to losing their families' twin sources of income at once. The lack of variety in job skills can also make it difficult to bounce ...
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  • Auto-Parts Suppliers Facing Bankruptcy

    Posted By admin || 9-Feb-2009

    According to an article in the Star-Telegram, many auto-parts suppliers are close to running out of money and facing bankruptcy as the auto industry is hit hard by slumping sales and the credit crunch. The article said: Two trade groups, the Original Equipment Suppliers Association and the Motor & Equipment Manufacturers Association, are talking with the Treasury Department about getting up to ...
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  • 7-Eleven Cutting 200 Jobs In Dallas-Fort Worth Area

    Posted By admin || 9-Feb-2009

    According to an article in the Dallas Morning News the Dallas-based 7-Eleven Inc. will implement 200 job losses and suspend 401(k) contributions in an effort to minimize further job losses. The job losses won't affect the actual stores but will affect workers in the corporate and other non-store operations. The company is also suspending merit pay increases and bonuses for most other workers who ...
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  • Unemployment Numbers Even Higher Than Expected

    Posted By admin || 9-Feb-2009

    According to an article in the Star-Telegram, the Labor Department released revised unemployment figures stating that 626,000 newly unemployed workers are seeking unemployment insurance benefits. That figure is up from the previous report of 591,000 unemployed workers seeking unemployment insurance benefits. The new workers who have experienced job losses brings the total number of Americans ...
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  • Pier 1 Imports Announces Job Losses

    Posted By admin || 5-Feb-2009

    According to an article in the Star-Telegram, Pier 1 Imports announced that it will experience job losses, cutting about 10 percent of the full-time jobs at its headquarters, distribution centers and field administration. Pier 1 Imports also announced that it will close an Illinois distribution center and may close up to 125 "underperforming" stores if negotiations with landlords to cut rents are ...
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  • Automakers Trade Car Vouchers For Jobs

    Posted By admin || 4-Feb-2009

    According to an article in the Star-Telegram, General Motors and Chrysler are desperately attempting to shed union workers from the payroll and eventually replace them with lower paid labor as they attempt to stave off bankruptcy. The automakers are attempting to buyout union workers and/or encourage early retirement as they attempt to meet government requirements for "viability." The article ...
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  • Number Of Texans Receiving Food Stamps Jumps 30 Percent

    Posted By admin || 4-Feb-2009

    In December 2008, the number of Texans on food stamps jumped by 30.9 percent the biggest increase in the nation, placing Texas as the state with the fastest growing number of people receiving food stamps in the nation. That's a huge number of Texans falling on hard times. And as the number of job losses and bankruptcies increase the number of Texans on food stamps and other government assistance ...
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  • The Ever-Expanding Starbucks Now Closing Stores

    Posted By admin || 29-Jan-2009

    There was once a time when you couldn't miss Starbucks because there were at least several in the trendiest areas of town; but now times are tough and the once expanding giant is rapidly contracting. According to an article in the Dallas Morning News, Starbucks is closing 300 stores (that's in addition to 600 stores which were already slated to close six months ago) and implementing 6,000 job ...
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  • The House Passes $819 Billion Stimulus Package, But Will It Create Jobs?

    Posted By admin || 29-Jan-2009

    This week the House passed an $819 billion stimulus package in the hope that it will help create more jobs and slow the recession gripping the nation according to an article in the Dallas Morning News. Texas legislator Chet Edwards, who helped write the bill urged officials to pass the stimulus package because Texas is at risk of going bankrupt. The article said: "It's important to pass this bill ...
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  • Dallas-Fort Worth Hotel Industry Taking A Hit -- Expect To See Job Losses

    Posted By admin || 29-Jan-2009

    According to an article in the Star-Telegram, over 50 percent of the hotel rooms in Dallas-Fort Worth sat empty in December 2008 and 2009 is expected to see even higher vacancy rates. The article said: Fort Worth's hotel occupancy rates are expected to continue to decline in 2009, partly due to the addition of hotel rooms downtown. While the citywide occupancy rate was 49.3 percent in December, ...
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  • More Job Losses - This Time It's Texas Instruments

    Posted By admin || 28-Jan-2009

    According to an article in the Star-Telegram, Texas Instruments announced 3,400 job losses as the economy continues to contract with job losses, bankruptcy and foreclosures. Texas Instruments' job losses will eliminate 12 percent of its work force in hopes that it can save $700 million in expenses and stop the financial blood letting it has experienced in 2008 and in the first few weeks of 2009. ...
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  • Thousands Of Jobs Lost And More Job Losses To Come For 2009

    Posted By admin || 27-Jan-2009

    As if 2008 wasn't bad enough 2009 has brought tens of thousands of fresh layoffs most of which were just announced this week. According to an article in the Star-Telegram, Sprint Nextel Corp., the third-largest wireless provider in the country announced 8,000 job losses. Home Depot Inc., announced that it will implement 7,000 job losses and General Motors Corp. said it will send 2,000 employees at ...
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  • Microsoft Job Losses An Unexpected Casualty

    Posted By admin || 26-Jan-2009

    According to an article in the Dallas Morning News, Microsoft Corp. will implement 5,000 job losses over the next 18 months representing more than 5 percent of its 94,000 employee work force. For everyone Microsoft was a real surprise. No one expected the very powerful and seemingly ever expanding company to actually experience any major job losses. A matter of fact, according to the article, it's ...
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  • Texas Unemployment Compensation Trust Fund Short $477 Million

    Posted By admin || 26-Jan-2009

    According to an article in the Star-Telegram, Texas' unemployment compensation trust fund may fall short $447 million by Oct. 1, because of the temporary suspension of the unemployment replenishment tax last year. Although the unemployment replenishment tax was reinstated this month, it won't be enough to reach the $861 million required by Texas law. The article said: As a result of the deficit, ...
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  • Texas Unemployment Rate Reaches 6 Percent

    Posted By admin || 26-Jan-2009

    According to an article in the Dallas Morning News, Texas employers drastically slashed payrolls in December adding 25,700 jobs to the list of job losses causing the state's unemployment rate to rise to 6 percent from 5.7 percent the month before. And that number's up from 4.2 percent in December of 2007. What will the figures look like in 2009? With the accelerated job loss level, we may be ...
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  • Job Losses Grow As Those Seeking Unemployment Benefits Swell

    Posted By admin || 26-Jan-2009

    According to an article in the Dallas Morning News, over 6 million Americans continue to claim unemployment benefits; but the job losses continue unabated. Microsoft Corp. announced 5,000 job losses to be implemented over the next 18 months. Huntsman Corp., a chemical maker will suffer 1,175 job losses this year, representing more than 9 percent of its work force. United Airlines parent UAL Corp. ...
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  • More Job Losses -- This Time It's Bank of America

    Posted By admin || 23-Jan-2009

    Bank of America Corp. announced in a letter to the Texas Workforce Commission that there will be 85 job losses at a Dallas call center. The job losses are just one of the many actions Bank of America is taking to streamline its operations and save itself financially and avoid bankruptcy. As most know, Bank of America has received a sizable bailout fund; but I suspect this fund won't be used to ...
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  • Can President Obama Really Create New Jobs?

    Posted By admin || 23-Jan-2009

    In his inaugural speech President Barack Obama pledged to put America back to work; but is it that easy? For all you students of history, there's an interesting article at Star-Telegram about whether it is likely or unlikely a President can influence the unemployment and job loss rate. Here are a few of the highlights I found most intriguing: The number of jobs created hasn't always kept pace with ...
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  • LM Ericsson Announces 5,000 Job Losses

    Posted By admin || 23-Jan-2009

    According to an article in the Dallas Morning News LM Ericsson, a wireless equipment maker with over 79,000 employees announced it will experience 5,000 job losses due to net profit losses totaling over $465 million. Ericsson employs 1500 workers in the Dallas- Fort Worth area. The announced job losses represent 6 percent of Ericsson's workforce. Ericsson has not announced which areas will be ...
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  • Unemployment Claims Continue To Rise

    Posted By admin || 20-Jan-2009

    According to an article in the Star-Telegram, the Labor Department announced that new unemployment claim numbers were higher than expected as job losses continue to rise. The Labor Department reported 524,000 new unemployment claims as of the week ending January 10, 2009. New unemployment claims are at their highest level in 26 years. Currently there are 4.5 million unemployed Americans claiming ...
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  • Rhode Island Unemployment Tops 9%--Could Dallas-Fort Worth Be Next?

    Posted By admin || 20-Jan-2009

    There's an interesting article in the Star-Telegram about the rising unemployment rate in Rhode Island which is currently at 9.3 percent. This state is a warning for Dallas-Fort Worth, because what we are experiencing in this current crisis is a shift in what industries will be profitable--hiring employees and expanding, and which industries will die-off completely or significantly. The article ...
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  • Medical Costs Eat Away At Unemployment Benefits

    Posted By admin || 19-Jan-2009

    There's an interesting article in the Star-Telegram which exposes how medical insurance costs eats away at unemployment insurance benefits. According to the article, a single worker who has experienced a job loss will spend approximately 30 percent of their unemployment benefits just to continue their former employer's health insurance plan. If jobless workers want health insurance coverage for ...
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  • Retailers Suffer Over 522,000 Job Losses, Worse Since 1939

    Posted By admin || 13-Jan-2009

    U.S. retailers experienced 66,600 jobs losses in December closing out what had been the worst year for retail workers since 1939 when the government began tracking work in this sector. With over 522,000 job losses in 2008 workers in the retail sector are in the fight of their lives as many of the biggest companies plan to send more workers to the unemployment line as they struggle to recover from ...
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  • Texas On A Tight Budget For 2009

    Posted By admin || 13-Jan-2009

    Comptroller Susan Combs announced that she estimated that Texas will have about $9 billion less in the budget for 2009 than it did two years ago. She also predicted that Texas will experience 110,000 job losses (nonfarm) within the next nine months caused by a decrease in tax revenues for the state. Furthermore, sales tax revenue which makes up the majority of Texas' revenue will remain flat for ...
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  • Are You Ready For Your Pay Cut?

    Posted By admin || 12-Jan-2009

    In 2007, 5% of the companies in the U.S. reduced salaries of current employees. They also slashed working hours, benefits and early retirement options in an attempt to avoid bankruptcy and put their companies into the black financially. According to some experts, in the coming months many employers will consider reducing employee salaries by 10% to 20% as they search for ways to trim costs and ...
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  • Record Unemployment Numbers Worse Since 1945

    Posted By admin || 9-Jan-2009

    According to a report released by the Labor Department, the amount of jobless claims increased by 101,000 jobless workers bringing the total amount of unemployed to 4.61 million unemployed workers. It is predicted by some experts that the number of jobless workers will increase drastically if major steps are not taken to boost the economy. The problem is not simply one of jobs being shed; but jobs ...
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  • New Obama Administration Promises New Jobs

    Posted By admin || 9-Jan-2009

    We all know the dismal job outlook for the American economy and President-elect Obama is now proposing on his website an agenda of solutions designed to increase the number of jobs and give businesses an incentive to hire more workers using tax credits. According to the Obama website : Obama and Biden will provide a new temporary tax credit to companies that add jobs here in the United States. ...
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  • Thousands Of Workers Forced To Take Time Off Without Pay

    Posted By admin || 6-Jan-2009

    According to an article in The Dallas Morning News, across the country thousands of workers at struggling universities, factories, hospitals and even state facilities are being laid off without pay. The state of Maryland is temporarily laying off 67,000 of its 80,000 employees in an effort to save $34 million in staffing costs. As sales drop, private industry is temporarily laying off workers. All ...
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  • Automakers Helped Make America Rich, Will They Now Bankrupt Us?

    Posted By admin || 23-Dec-2008

    The Associated Press reports that despite the $17.4 billion lifeline given to automakers last week, GM is still laying off 1,080 workers on Tuesday. So far, GM has sent 11,000 American workers to the unemployment line and that's just in 2008 alone. For decades automakers such as GM have employed tens of thousands of Americans and helped ordinary workers become homeowners, send their kids to ...
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  • Airlines Experience More Job Losses

    Posted By admin || 22-Dec-2008

    A little more than 394,000 employees work for U.S. passenger airlines, that's the lowest amount in 15 years, according to the federal government. Airlines in the U.S. have experienced record job losses and plan to cut even more employees in an effort to stave off financial trouble. According the Bureau of Transportation Statistics, job losses are effecting all types of airlines, including major ...
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  • American Airlines Negotiations Fall Through

    Posted By admin || 17-Dec-2008

    Another sign of the times for the American worker--American Airlines contract negotiations with the union representing ground workers has come to a standstill. American Airlines has not been able to come to an agreement with the union representing over 12,000 bag handlers, instructors, simulator technicians, and storage clerks this past week. Because of several days of failed contract negotiations ...
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  • American Banks Experience More Job Losses

    Posted By admin || 16-Dec-2008

    The Dallas Morning News reports that Bank of America Corp. announced on Thursday that it will shed 30,000 to 35,000 jobs over the next three years as it struggles to absorb the financially battered Merrill Lynch & Co. Although the final and exact number of job losses at Bank of America won't be known until early 2009, the job losses are expected to affect employees throughout the company. ...
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  • Bank Of America Help Company Pay Laid Off Workers

    Posted By admin || 11-Dec-2008

    Workers laid off by the closure the Republic Doors and Windows plant in Illinois have been staging a sit-in since the company laid them off with only three days notice. The 200 unemployed workers said they were entitled to 60 days notice according to their union contract. After negotiations and plenty of bad publicity, Bank of America has offered to loan money to the now defunct Republic Doors and ...
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  • Shocking Unemployment Numbers For November

    Posted By admin || 8-Dec-2008

    On Friday, the Labor Department released a report stating that employers slashed more than 533,000 jobs during November sending the unemployment rate skyrocketing to 6.7 percent. That's the highest number of job losses in 34 years. The current unemployment rate does not include over 422,000 people who experienced job losses; but gave up looking for employment. Last year the jobless rate was only ...
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  • More Job Losses On The Horizon

    Posted By admin || 8-Dec-2008

    It is so important that we keep our eyes on these job losses because it is a sign that all is not right on the financial home front of this country. When the biggest names in business, Houghton Mifflin Harcourt, AT&T, Random House, Inc. HarperCollins and Pearson begin mass layoffs and freezing wages, that's when we know we need to get our own financial house in order. According to The Dallas ...
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  • More Job Losses -- Now It's AT&T

    Posted By admin || 8-Dec-2008

    AT&T Inc. the Dallas-based telecommunications firm has joined the ranks of companies reporting job cuts. On Thursday they announced that they will eliminate 12,000 jobs, approximately 4 percent of their workforce starting this month and continuing through 2009. AT&T, which has 300,000 employees recently laid off 4,000 workers last April and stated that this round of layoffs would be ...
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  • Extended Unemployment Benefits For Texas Residents

    Posted By admin || 2-Dec-2008

    Joblessness is increasing rapidly throughout the Dallas- Fort Worth area and around the country prompting an emergency extension of unemployment benefits. On November 26, 2008, The Texas Workforce commission (TWC) announced that they will be notifying jobless claimants that they may qualify for seven additional weeks of unemployment benefits. Jobless claimants in Texas can request an extension of ...
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  • Wells Fargo Lays Off Dallas Employees

    Posted By admin || 1-Dec-2008

    The Wells Fargo Home and Consumer Finance Group plans to layoff 67 Dallas area employees at its automotive-finance facility starting January 10, 2009. The Wells Fargo layoffs are the latest causality in a weakening economy that has been battered by job losses, the credit crunch and a wave of foreclosures. According to a letter sent to the Texas Workforce Commission, Wells Fargo is laying off the ...
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  • Auto Industry Grasp For Federal Aid

    Posted By admin || 19-Nov-2008

    Auto companies facing possible job losses and sinking profits, such as General Motors Corp., Ford Motor Co. and Chrysler LLC asked congress for as much as $25 billion in emergency loans from the financial industry bailout. Opponents of an auto industry bailout describe the automakers as dinosaurs who have failed to adapt to global changes unlike their foreign competitors. Opponents of any bailout ...
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  • Over 10 Million Americans Unemployed

    Posted By admin || 10-Nov-2008

    As the nation face's one of the toughest economic crises in recent history, the country is experiencing another round of layoffs. Over 240,000 jobs were cut in October, raising the country's unemployment rate to a 14-year high of 6.5 percent according to a report released by the Labor Department. The current unemployment rate is higher than the unemployment rate during the recession in 2001. With ...
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  • More Job Losses For Dallas-Fort Worth

    Posted By admin || 4-Nov-2008

    Circuit City announced on Monday that it is shutting down 20% of its U.S. stores and laying off 17% of its workforce by December 31, 2008. The move comes as the company experiences its 2nd quarter of losses this year with a 13% decline in sales in September. By closing 155 of its stores, including 9 in Texas and 3 in the Dallas-Fort Worth area, Circuit City hopes to balance its books. The job ...
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  • Dallas-Fort Worth Faces Another Round Of Job Losses

    Posted By admin || 3-Nov-2008

    According to an article in the Star-Telegram Dallas-Fort Worth residents are facing massive job losses again. Bell Helicopter is cutting 500 jobs after losing a big defense contract with the U.S. Army. The Pentagon decided to cancel the Army's $5 billion-plus contract with Bell to develop the ARH-70A Armed Reconnaissance Helicopter earlier this month. The layoffs began this Tuesday, right on the ...
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  • No Bail Out For Automakers

    Posted By admin || 3-Nov-2008

    The U.S. Treasury Department ended negotiations today with automakers who want government financing for a merger between General Motors and Chrysler. The U.S. Treasury Department is hesitant about investing billions of dollars of taxpayer's money into a merger that will cause over 90,000 layoffs in the auto industry. Cerberus Capital Management (owner of Chrysler) and GM have been negotiating for ...
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  • Texas Health Resources Lays Off 49 Healthcare Workers

    Posted By admin || 29-Oct-2008

    According to a story by the Star Telegram Dallas-Fort Worth's job losses grow as Texas Health Resources lays off 49 healthcare workers throughout Texas. Texas Health Resources, which operates 13 hospitals and employs more than 18,000 people, says the layoffs were caused by a drop in the number of people seeking medical care because of the economic recession. According to Texas Health Resources, ...
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  • Over A Thousand Dallas Workers Lose Their Jobs

    Posted By admin || 3-Oct-2008

    Under a plan approved on Thursday, nearly 1100 Dallas School District employees will find themselves jobless by the end of this month. Over 500 teachers, including those teaching core subject such as math, science, social studies and English/language arts are included in the massive layoff. In addition, 500 administrative employees, including teacher aides, hall monitors and clerks will be let go ...
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  • Jobless Rate At 7-Year High

    Posted By admin || 25-Sep-2008

    According to the U.S. Labor Department new unemployment benefits claims jumped last week to their highest levels in seven years. The departments report stated that new requests for jobless benefits for the week of Sept. 20th increased by 32,000, much higher than expectations. Experts claim that the elevated jobless rates are due mostly to the effects of the recent hurricanes. But even without the ...
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